{"id":"https://openalex.org/W4416631589","doi":"https://doi.org/10.64753/jcasc.v10i2.1920","title":"Integrating Sustainability and Finance: Evidence from Apparel & Luxury Goods, Food & Beverage, and Food & Staples Retailing Sub-Sectors in Indonesia","display_name":"Integrating Sustainability and Finance: Evidence from Apparel & Luxury Goods, Food & Beverage, and Food & Staples Retailing Sub-Sectors in Indonesia","publication_year":2025,"publication_date":"2025-11-25","ids":{"openalex":"https://openalex.org/W4416631589","doi":"https://doi.org/10.64753/jcasc.v10i2.1920"},"language":null,"primary_location":{"id":"doi:10.64753/jcasc.v10i2.1920","doi":"https://doi.org/10.64753/jcasc.v10i2.1920","is_oa":true,"landing_page_url":"https://doi.org/10.64753/jcasc.v10i2.1920","pdf_url":"https://jcasc.com/index.php/jcasc/article/download/1920/349","source":{"id":"https://openalex.org/S4210179557","display_name":"Journal of Cultural Analysis and Social Change","issn_l":"2589-1316","issn":["2589-1316"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310320063","host_organization_name":"Lectito Journals","host_organization_lineage":["https://openalex.org/P4310320063"],"host_organization_lineage_names":["Lectito Journals"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Cultural Analysis and Social Change","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://jcasc.com/index.php/jcasc/article/download/1920/349","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5106352589","display_name":"Lamya Varany Ath-Thahir","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I166073570","display_name":"Binus University","ror":"https://ror.org/03zmf4s77","country_code":"ID","type":"education","lineage":["https://openalex.org/I166073570"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Lamya Varany Ath-Thahir","raw_affiliation_strings":["Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA","institution_ids":["https://openalex.org/I166073570"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5079849168","display_name":"Herlin Tundjung Setijaningsih","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I166073570","display_name":"Binus University","ror":"https://ror.org/03zmf4s77","country_code":"ID","type":"education","lineage":["https://openalex.org/I166073570"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Herlin Tundjung Setijaningsih","raw_affiliation_strings":["Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA","institution_ids":["https://openalex.org/I166073570"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043729642","display_name":"Faris Kasenda","orcid":"https://orcid.org/0009-0003-9530-2270","observed_orcids":["https://orcid.org/0009-0003-9530-2270"]},"institutions":[{"id":"https://openalex.org/I166073570","display_name":"Binus University","ror":"https://ror.org/03zmf4s77","country_code":"ID","type":"education","lineage":["https://openalex.org/I166073570"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Faris Kasenda","raw_affiliation_strings":["Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Master of Accounting Program, Bina Nusantara University, Jakarta, INDONESIA","institution_ids":["https://openalex.org/I166073570"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I166073570"],"apc_list":null,"apc_paid":null,"fwci":2.7505,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.92547202,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"2227","last_page":"2235"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.9272000193595886,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.9272000193595886,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.03660000115633011,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.010499999858438969,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-distress","display_name":"financial distress","score":0.9599999785423279},{"id":"https://openalex.org/keywords/esg","display_name":"ESG","score":0.6850000023841858},{"id":"https://openalex.org/keywords/environmental-social-and-governance-factors","display_name":"environmental, social and governance factors","score":0.7839999794960022},{"id":"https://openalex.org/keywords/esg-ratings","display_name":"ESG ratings","score":0.5649999976158142},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.6759999990463257},{"id":"https://openalex.org/keywords/liquidity","display_name":"liquidity","score":0.9919999837875366},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.9649999737739563},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.8820000290870667},{"id":"https://openalex.org/keywords/food-and-beverage-industry","display_name":"food and beverage industry","score":0.9950000047683716},{"id":"https://openalex.org/keywords/indonesia-stock-exchange-listed-companies","display_name":"Indonesia Stock Exchange listed companies","score":0.7200000286102295}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6898000240325928},{"id":"https://openalex.org/C47385372","wikidata":"https://www.wikidata.org/wiki/Q7098943","display_name":"Optimal distinctiveness theory","level":2,"score":0.5849000215530396},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.582099974155426},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.5475000143051147},{"id":"https://openalex.org/C530175646","wikidata":"https://www.wikidata.org/wiki/Q11460","display_name":"Clothing","level":2,"score":0.5275999903678894},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5253000259399414},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5080999732017517},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.4814999997615814},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4429999887943268},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4237000048160553},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.38609999418258667},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.35679998993873596},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.3379000127315521},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.3280999958515167},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.30799999833106995},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.30469998717308044},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.29280000925064087},{"id":"https://openalex.org/C549605437","wikidata":"https://www.wikidata.org/wiki/Q1229911","display_name":"Food security","level":3,"score":0.28630000352859497},{"id":"https://openalex.org/C71199308","wikidata":"https://www.wikidata.org/wiki/Q2990807","display_name":"Accounting management","level":3,"score":0.27869999408721924},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.2694999873638153},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.2669999897480011},{"id":"https://openalex.org/C513059894","wikidata":"https://www.wikidata.org/wiki/Q540912","display_name":"Food industry","level":2,"score":0.25999999046325684},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.2597000002861023},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.2572999894618988},{"id":"https://openalex.org/C189560676","wikidata":"https://www.wikidata.org/wiki/Q1187906","display_name":"Profit margin","level":2,"score":0.2547000050544739}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.64753/jcasc.v10i2.1920","doi":"https://doi.org/10.64753/jcasc.v10i2.1920","is_oa":true,"landing_page_url":"https://doi.org/10.64753/jcasc.v10i2.1920","pdf_url":"https://jcasc.com/index.php/jcasc/article/download/1920/349","source":{"id":"https://openalex.org/S4210179557","display_name":"Journal of Cultural Analysis and Social Change","issn_l":"2589-1316","issn":["2589-1316"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310320063","host_organization_name":"Lectito Journals","host_organization_lineage":["https://openalex.org/P4310320063"],"host_organization_lineage_names":["Lectito Journals"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Cultural Analysis and Social Change","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.64753/jcasc.v10i2.1920","doi":"https://doi.org/10.64753/jcasc.v10i2.1920","is_oa":true,"landing_page_url":"https://doi.org/10.64753/jcasc.v10i2.1920","pdf_url":"https://jcasc.com/index.php/jcasc/article/download/1920/349","source":{"id":"https://openalex.org/S4210179557","display_name":"Journal of Cultural Analysis and Social Change","issn_l":"2589-1316","issn":["2589-1316"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310320063","host_organization_name":"Lectito Journals","host_organization_lineage":["https://openalex.org/P4310320063"],"host_organization_lineage_names":["Lectito Journals"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Cultural Analysis and Social Change","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6452000141143799}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4416631589.pdf","grobid_xml":"https://content.openalex.org/works/W4416631589.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":[],"abstract_inverted_index":{"This":[0,60,173],"paper":[1],"examines":[2],"factors":[3,24,194],"causing":[4],"financial":[5,23,78,102,116,127,146,160,171,193,197],"distress":[6],"in":[7,33,90,134,177,185,195,204,218],"companies":[8],"by":[9,189],"obtaining":[10],"empirical":[11],"evidence":[12],"regarding":[13],"the":[14,34,50,56,76,83,88,132,183,205],"role":[15],"of":[16,82,87,131,208],"environment,":[17],"social,":[18,96,140],"governance,":[19],"as":[20,22,26],"well":[21],"such":[25],"sales":[27,98,142],"growth,":[28],"profitability,":[29,105,149],"liquidity,":[30,106,150],"and":[31,42,79,97,107,120,141,151,164,192,199],"leverage":[32,121,165],"apparel":[35],"&":[36,40,44],"luxury":[37],"goods,":[38],"food":[39,43],"beverage,":[41],"staples":[45],"retailing":[46],"sub-sectors":[47],"listed":[48],"on":[49,126,170],"Indonesia":[51],"Stock":[52],"Exchange":[53],"(IDX)":[54],"for":[55],"research":[57,61,92,136,174],"year":[58],"2021-2024.":[59],"was":[62],"analysed":[63],"using":[64,211],"STATA":[65],"17":[66],"with":[67,115,159],"panel":[68],"data":[69,72],"regression.":[70],"The":[71,85,129],"used":[73],"comes":[74],"from":[75],"annual":[77],"sustainability":[80],"reports":[81],"companies.":[84],"results":[86,130],"analyses":[89,133],"this":[91,135],"indicated":[93,137],"that":[94,138,181],"environmental,":[95,139],"growth":[99,143],"didn\u2019t":[100,144],"influence":[101,145],"distress.":[103,128,147,172],"Meanwhile,":[104,148],"control":[108,152],"variable,":[109,153],"firm":[110,154],"size,":[111,155],"are":[112,156],"positively":[113,157],"associated":[114,158],"distress,":[117,161,198],"while":[118,162],"governance":[119,163],"have":[122,166],"a":[123,167],"negative":[124,168],"effect":[125,169],"is":[175],"original":[176],"examining":[178],"essential":[179],"industries":[180],"contribute":[182],"most":[184],"daily":[186],"human":[187],"life":[188],"integrating":[190],"ESG":[191,209],"assessing":[196],"its":[200],"distinctiveness":[201],"also":[202],"lies":[203],"novel":[206],"calculation":[207],"scores":[210],"content":[212],"analysis,":[213],"an":[214],"approach":[215],"rarely":[216],"applied":[217],"prior":[219],"research.":[220]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-09-24T07:57:37.273135","created_date":"2025-11-25T00:00:00"}
